Cofounders Capital, an early-stage software venture fund in Cary, North Carolina, and Hatcher+, a unique, data-driven venture firm, have announced a partnership to co-invest in start-ups accepted into the Cofounders Capital Accelerator. The partnership will provide significant additional capital and resources to portfolio companies in the program as well as access to Hatcher’s proven AI-based platform to assist in assessing investment opportunities and track performance. Portfolio companies will also have access to the extensive Hatcher+ global network.
Hatcher+ has selected and partnered with some of the most effective and successful accelerators from across the globe including Blue Chilli in Australia and Fashion Technology Accelerator in Milan. Cofounders Capital’s inclusion into this network allows Hatcher+ to seed some of the best companies originating in North Carolina.
“The committed Hatcher+ funds will be another significant and unique tool for our accelerator because it enables us to fund market research and prototype development for ventures that might not yet meet the criteria for a Cofounders Capital Fund II investment” says David Gardner, Managing Partner.
“We are very excited to be partnering with David and Tim at Cofounders Capital. Their experience and proven value-add investment philosophy places them in a unique position to access some of the most exciting opportunities available in the Research Triangle” said Wissam Otaky, Partner at Hatcher+. “This region is growing at break-neck speed and as a hotbed for innovation in the US it is an important piece of our overall portfolio”
Prior to joining Hatcher as Group CFO and now Partner, Wissam served as the CFO of MarkaVIP, at the time the Middle East’s top fashion & lifestyle ecommerce business. Wissam previously spent 5 years with Dubai Contracting Company in multiple roles, including working as the company’s Business Development Manager and Group Financial Advisor, handling multiple acquisitions and greenfield projects, and leading the company’s efforts in Jordan and KSA. He co-founded 2 startups early on in his career in Montreal, Canada and is now is an active angel investor and advisor to startups. Wissam holds a Bachelor of Commerce degree from McGill University with a double major in Finance and Economics and a minor in Statistics, which he earned with first class honors in 2002, and has been a chartered financial analyst since 2006.
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